Multiple Choice
The figures below depict the production possibilities frontiers (PPFs) for two people who can allocate the same amount of time between making pizzas and making stromboli. Refer to these figures to answer the questions that follow.
-If Jim and Pam were to specialize and trade,at what exchange rate would they find some quantity of trade to be mutually beneficial?
A) 3 pizzas for 1 stromboli
B) 1 pizza for 1 stromboli
C) 10 pizzas for 2 stromboli
D) 1 pizza for 1/2 stromboli
E) 1 pizza for 1/4 stromboli
Correct Answer:
Verified
Correct Answer:
Verified
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